Japan Inc. doubles profit on quick cost-cutting moves

Business / Economy Nov 18, 2013

Japan Inc. doubles profit on quick cost-cutting moves

by Anna Mukai

Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007. Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed nonfinancial ...